Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
When price started to trades in rising channel, it first fell to support line, breaking $37000 level, which coincided with support area.
Then BTC repeated this movement two time and later finally rose higher than $37000 level, but then made correction.
After this, price bounced from support level and made strong upward impulse to $42850 level, thereby exiting from channel.
As well then, Bitcoin formed a pennant pattern, in which price broke $42850 level and now trades near support line.
In my mind, price can break support line, thereby exiting from the pennant, fall to support area, and then bounce to $45600
If this post is useful to you, you can support me with like/boost and advice in comments❤️
When price started to trades in rising channel, it first fell to support line, breaking $37000 level, which coincided with support area.
Then BTC repeated this movement two time and later finally rose higher than $37000 level, but then made correction.
After this, price bounced from support level and made strong upward impulse to $42850 level, thereby exiting from channel.
As well then, Bitcoin formed a pennant pattern, in which price broke $42850 level and now trades near support line.
In my mind, price can break support line, thereby exiting from the pennant, fall to support area, and then bounce to $45600
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
💎 ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
💎 ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.